SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

The iShares Edge MSCI Min Vol USA Small-Cap ETF tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints including sector exposure.


Rules-Based, Diverse

MANAGEMENT MATRIX

SIXL

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 07, 2016
Assets (mns)$911
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MURPHY USA, INC. 1.6 %
CHEMED CORP 1.6 %
LANDSTAR SYSTEM INC 1.5 %
OLD REPUBLIC INTL CORP 1.5 %
ROYAL GOLD INC 1.3 %
AGREE REALTY CORP 1.3 %
RLI CORP 1.2 %
EXELIXIS INC 1.2 %
SELECTIVE INSURANCE GROUP 1.2 %
DOLBY LABORATORIES INC-CL A 1.2 %
Constituent Breakdown
Number of holdings302
Herfindahl-Hirschman Index 64
Wgt avg mkt cap (mns)$4,811
Large cap (>$10bn)4.7%
Mid cap ($2-10bn)75.3%
Small cap (<$2bn)19.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 92.4 %
BERMUDA 3.2 %
IRELAND 1.3 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 2.2% 1.3% 1.6% 3.9% -- 7.0%
Market Correlations
versus...BetaR-squared
S&P 5000.6982%
MSCI EAFE0.6874%
MSCI Emg Mkts0.4433%
Liquidity Measures
Avg. volume (000)241
Turnover1.0%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$9,028
Technical Indicators
Recent close$37.26
30d moving avg.$34.20
Annualized volatility13.6%
Relative strength (RSI)67
Short interest (ETF)0.1%
Short interest (underlying)4.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: SMMV vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.1 16.8 2.6 8.7% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SMMV



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

SMMV

4.4%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.4%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. SMMV's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places SMMV in the 33rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
SMMV
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SMMV 20.0 10.8 30.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.